Investment Fund Eos Management Reveals 13F Holding Changes in Q4 2022 vs. Q1 2023

Investing in the stock market can be difficult, especially when it comes to deciding which companies to invest in. Luckily, institutional investors like Eos Management, L.P. release their 13F filings to the public, revealing their holdings and any changes made over a quarter. In the Q4 2022 vs. Q1 2023 comparison, Eos Management's 13F filing showed some significant changes to their holdings.

In this blog post, we will dive into Eos Management's 13F filing and take a closer look at the changes made to their holdings over this period. We will analyze the top holdings, the changes made, and what these changes might indicate about Eos Management's investment strategy.

Top Holdings

The first thing we will take a look at is Eos Management's top holdings. According to their 13F filing, as of Q1 2023, their top five holdings in terms of value were:

- PETQ Inc.

- SPDR S&P 500 ETF Trust

- Apple Inc.

- Microsoft Corp.

- AIR PRODS & CHEMS INC

PETQ Inc. remained Eos Management's top holding from Q4 2022 to Q1 2023, with no changes made in the number of shares held. In contrast, the number of shares held in SPDR S&P 500 ETF Trust decreased by over 5,000, and the Q1 2023 value of this holding decreased by 0.9%.

Changes Made

Eos Management made several significant changes to their holdings in Q4 2022 vs. Q1 2023. Among them were:

- APD: The number of shares in AIR PRODS & CHEMS INC decreased by 12,911, and the Q1 2023 value of this holding decreased by 36.5%.

- DHR: The number of shares in DANAHER CORPORATION decreased by 11,252, and the Q1 2023 value of this holding decreased by 38.1%.

- ASH: Eos Management reduced its holdings in ASHLAND INC by 38,666 shares, and the Q1 2023 value of this holding decreased by 53.9%.

On the other hand, Eos Management increased their holdings in some companies, including:

- PETQ Inc.: The number of shares held in PETIQ INC remained steady from Q4 2022 to Q1 2023, but the Q1 2023 value of this holding increased by 24.1%.

- IAC Inc.: The number of shares held in IAC INC increased by 17,832, and the Q1 2023 value of this holding increased by 96.1%.

- Alibaba Group Holding Ltd: Eos Management increased its holdings in ALIBABA GROUP HLDG LTD by 16,319 shares, and the Q1 2023 value of this holding increased by 151%.

What Do These Changes Mean?

It's difficult to draw conclusions about Eos Management's investment strategy just from looking at their 13F filing. However, we can make some educated guesses about what these changes might indicate.

Firstly, it appears that Eos Management is bullish on PETQ Inc. and IAC Inc., given that they held steady on PETQ Inc. and increased their holdings in IAC Inc. Additionally, their increased holdings in Alibaba Group Holding Ltd could suggest that they are optimistic about the company's future.

On the other hand, the decrease in holdings in AIR PRODS & CHEMS INC, DANAHER CORPORATION, and ASHLAND INC suggests that Eos Management is not as optimistic about the future of these companies. It is possible that they believe that there are better investments elsewhere.

Conclusion

Eos Management's 13F filing for Q4 2022 vs. Q1 2023 revealed some significant changes to their holdings. While some holdings remained steady, such as PETQ Inc., others decreased, such as SPDR S&P 500 ETF Trust and AIR PRODS & CHEMS INC. Some holdings increased, such as IAC Inc. and Alibaba Group Holding Ltd.

While we can make some assumptions about what these changes mean for Eos Management's investment strategy, it's important to note that these are just guesses. Only time will tell how these changes in holdings will affect Eos Management's portfolio's overall performance.